Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $85.00 Average PT from Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $85.00.

CCEP has been the subject of a number of research reports. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday.

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Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently made changes to their positions in CCEP. World Investment Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 3rd quarter worth about $6,975,000. Transform Wealth LLC increased its stake in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock worth $10,653,000 after buying an additional 9,864 shares during the period. Geode Capital Management LLC increased its stake in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock worth $160,138,000 after buying an additional 58,247 shares during the period. Quantbot Technologies LP increased its stake in Coca-Cola Europacific Partners by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company's stock worth $3,517,000 after buying an additional 38,433 shares during the period. Finally, Vontobel Holding Ltd. increased its position in Coca-Cola Europacific Partners by 28.7% during the 4th quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company's stock valued at $24,651,000 after purchasing an additional 73,393 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP traded up $0.14 during midday trading on Wednesday, reaching $86.26. 2,235,891 shares of the company were exchanged, compared to its average volume of 1,722,823. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The business's fifty day moving average is $79.35 and its two-hundred day moving average is $78.56. Coca-Cola Europacific Partners has a one year low of $65.94 and a one year high of $88.39. The stock has a market cap of $39.76 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.